April 15, 1918

L LIB

Mr. TRAHAN:

Laurier Liberal

1. Does the sum of $120,566,245, held as gold reserve by the Receiver General, on the 1st March, 1918, include the amount deposited with the Central Gold Reserve by the banks as a guarantee for their circulation?

2. If so, what is the amount so deposited by the said banks?

Topic:   QUESTIONS.
Subtopic:   BANKS' DEPOSIT WITH CENTRAL GOLD RESERVE,
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UNION

Alexander Kenneth Maclean (Minister Without Portfolio)

Unionist

Hon. A. K. MACLEAN:

1 and 2. No.

TREASURY BONDS. .

Topic:   QUESTIONS.
Subtopic:   BANKS' DEPOSIT WITH CENTRAL GOLD RESERVE,
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L LIB

Mr. TRAHAN:

Laurier Liberal

1. How many treasury bonds have been issued by the Government since the beginning of the war, to what amount, and at what rate?

2. How many treasury bonds have been paid by the Government since the beginning of the war, and to what amount?

3. How many of treasury bonds thus issued by the Government will fall due during the fiscal year of 1918-1919, and what is the sum represented by the said bonds?

>Hon. A. K. MACLEAN:

1. Treasury Bills to the amount of $324,955,000 at 5 to 51 per cent.

2. $249,500,000.

3. $1,240,000.

Topic:   QUESTIONS.
Subtopic:   BANKS' DEPOSIT WITH CENTRAL GOLD RESERVE,
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DUE DATES OP LOANS.

L LIB

Mr. TRAHAN:

Laurier Liberal

1. How many short term loans and long term loans, irrespective of their character, will fall due during the fiscal year of 19181919?

2. What is the amount of each of these loans and the date of maturity in each case?

3. How does the Government intend to provide for the reimbursement of these loans upon maturity of same?

Topic:   QUESTIONS.
Subtopic:   DUE DATES OP LOANS.
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UNION

Alexander Kenneth Maclean (Minister Without Portfolio)

Unionist

Hon. A. K. MACLEAN:

1 and 2. Dominion of Canada Treasury bills to the amount of $1,240,000, a-s follows: May 7, 1918, $50,000; July 2, 1918, $90,000; July 3, 1918, $750,000; July 7. 1918, $100,000; July 19 1918, $250,000.

3. Out of Consolidated Revenue Fund.

Topic:   QUESTIONS.
Subtopic:   DUE DATES OP LOANS.
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SPECIE.

L LIB

Mr. TRAHAN:

Laurier Liberal

1. What was the amount of the specie at the date of the outbreak of the war?

2. How much specie has been exported1 by the Government from the beginning of the war to March 31, 1918?

Topic:   QUESTIONS.
Subtopic:   SPECIE.
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UNION

Hon. A. K. MACLEAN: (Minister Without Portfolio)

Unionist

1. July 31, 1914, held by the Government of Canada, $97,136,426.88.

2. None.

Topic:   QUESTIONS.
Subtopic:   SPECIE.
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BANKS' SUBSCRIPTIONS TO WAR LOANS.

L LIB

Arthur Trahan

Laurier Liberal

Mr. TRAHAN:

How much have the banks subscribed and paid in up to date to the war loans?

Hon,. A. K. MACLEAN:

The terms of this question are too indefinite to permit of answer.

Topic:   QUESTIONS.
Subtopic:   BANKS' SUBSCRIPTIONS TO WAR LOANS.
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USE OP DEPOSITS FOR WAR PURPOSES.

L LIB

Mr. TRAHAN:

Laurier Liberal

1. Has the Government used, towards the expenses of the war, funds from Postal Savings Banks, Insurance Deposits or other sums deposited with them for any purpose?

2. If so, what is the amount in each instance ?

3. If not, is it the intention of the Government to do so?

Topic:   QUESTIONS.
Subtopic:   USE OP DEPOSITS FOR WAR PURPOSES.
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UNION

Alexander Kenneth Maclean (Minister Without Portfolio)

Unionist

Hon. A. K. MACLEAN:

1, 2 and 3. Under the Audit Act all public moneys and revenues form one consolidated revenue fund and expenditures are net earmarked against any source of revenue.

Topic:   QUESTIONS.
Subtopic:   USE OP DEPOSITS FOR WAR PURPOSES.
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PROVINCIAL APPLICATIONS FOR FEDERAL ADVANCES.,

L LIB

Mr. TRAHAN:

Laurier Liberal

1. Have any other provinces 'besides the Provinces of Ontario and Saskatchewan applied to the Government for money advances?

2. If so, which are those provinces?

3. How has the Government dealt with these applications for money advances?

Topic:   QUESTIONS.
Subtopic:   PROVINCIAL APPLICATIONS FOR FEDERAL ADVANCES.,
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UNION

Alexander Kenneth Maclean (Minister Without Portfolio)

Unionist

Hon. A. K. MACLEAN:

1, 2 and 3. No.

Topic:   QUESTIONS.
Subtopic:   PROVINCIAL APPLICATIONS FOR FEDERAL ADVANCES.,
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FEDERAL LOAN TO ONTARIO.

L LIB

Mr. TRAHAN :

Laurier Liberal

1. Has the Federal Government lent or advanced the sum of $2,000,0(10 to the Government of the Province of Ontario? If so, under what conditions?

2. For what purposes did the Ontario Government obtain said loan from the Federal Government?

3. What rate of interest does the Ontario Government pay on said loan, and when is it payable?

4. Is there a sinking fund provided therefor?

Topic:   QUESTIONS.
Subtopic:   FEDERAL LOAN TO ONTARIO.
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UNION

Hon. A. K. MACLEAN: (Minister Without Portfolio)

Unionist

1. Yes.

2. To meet maturing obligations.

3. Six and one-half per cent, payable half yearly. The loan is for a term of five years, or at the option of the province the principal may .be paid in full at any time prior to the said date of maturity with accrued interest.

4. No information.

Topic:   QUESTIONS.
Subtopic:   FEDERAL LOAN TO ONTARIO.
Permalink

April 15, 1918